SPECIAL NOTE: Get 40% Off Nial Fuller's Pro Forex Trading Course & Daily Newsletter - Ends July 31st - Click Here

Login

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

EURUSD – Euro/dollar uptrend intact, look to buy on weakness

The EURUSD popped higher last week following a pull back in price earlier in the week. This is in-line with our discussion in the weekly outlook last week of looking to buy this pair on weakness. Support remains at 1.1290 and key support down at 1.1118 area; we can watch for any weakness near these support levels to be buyers. Price overall looks to be swinging up towards the long-term key resistance at 1.1500 to 1.1600 area.

AUDUSD – Aussie/dollar moves lower, sitting at key level

Last week, we mentioned that major resistance was approaching on AUDUSD at 0.7770 area. Price moved lower last week, ending near 0.7600, a level we had discussed recently as being important in the short-term. We see the potential now for price to fall further continuing last week’s bearish move, and we can watch for price action sell signals on any retraces to the upside whilst under last week’s swing high at 0.7713 area. Stay tuned to our members daily trade setups commentary for further updates on the AUDUSD.

Oil – Crude Oil sells-off from key resistance level

Oil sold off from 47.20 almost exactly last week; a level we had discussed as a major selling opportunity in our trade setups commentary last week. Those traders not already short can watch for price action sell signals on any upside retracement whilst price remains contained under 46.20 – 47.20 to be sellers again in-line with downtrend.

GOLD – Gold approaching key support zone after large move lower

We remain neutral on Gold as we discussed last week. Price continued to fall last week and is now resting at 1180.00 – 1200.00 key support area. There is strong resistance at 1240.00 within this short-term downtrend. Traders can watch for sell signals on a retrace higher whilst under that resistance. Alternatively, as we are approaching major support levels we can wait for price to hit those key support levels near 1180.00 – 1200.00 and look to be a buyer on a signal.

SPI200 – Australian Stock Index remains range-bound, contained under key resistance

We have discussed selling the SPI200 whilst under 5800.00 key resistance in recent weeks, and as we can see below, this strategy has paid off for traders who sold near that level. We reiterate the same analysis as last week; price remains overwhelmingly pressured under 5800.00 and so traders can continue to look to sell short the SPI on any price strength whilst price is contained under that level. Until a strong close above 5800.00 occurs, we expect more downside back into 5600.00 levels.

Want More Trade Setups Ideas & Analysis? In the members’ daily trade setups newsletter, we discuss potential trade setups and provide detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more. For more information click here.

Latest Trading Lessons

SPECIAL NOTE: This Month Get 40% Off Life-Time Membership To Nial Fuller's Pro Trading Courses, Daily Trade Setups Newsletter & VIP Members Community, Until July 31st Click Here.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008.
Checkout Nial’s Professional Forex Course here.


Leave a Comment

Recent Posts in Trade Setups Commentary

Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – July 24th...

Posted on July 24th, 2017 | by | in Forex Trading Commentary | No Comments
Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – July 24th to 28th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar continues moving higher, but nearing l0ng-term resistance The EURUSD has been in a steady uptrend over the last four months as we can see below on the monthly chart view.... Continue Reading

Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – July 17th...

Posted on July 17th, 2017 | by | in Forex Trading Commentary | 1 Comment
Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – July 17th to 21st 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar explodes higher, closes above resistance levels The GBPUSD exploded higher last week as the bullish track continued in this market. This latest upward move came after... Continue Reading

Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – July 3rd...

Posted on July 3rd, 2017 | by | in Forex Trading Commentary | No Comments
Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – July 3rd to 7th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar uptrend continues We remain bullish on the EURUSD as we can see that week price surged higher after bouncing from 1.1120 support the previous week. During this powerful... Continue Reading

How I’m Trading The EURUSD Break Out – June 27th 2017

Posted on June 28th, 2017 | by | in Forex Trading Commentary | 3 Comments
How I’m Trading The EURUSD Break Out – June 27th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar breaks out as buyers remain in control The EURUSD exploded higher today following a small pull back in price on Monday, in-line with our EURUSD discussion in this week's... Continue Reading

Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – June 26th...

Posted on June 26th, 2017 | by | in Forex Trading Commentary | 3 Comments
Weekly Trade Ideas & Technical Chart Analysis by Nial Fuller – June 26th to 30th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar remains a buy near support levels We remain bullish and looking to buy the EURUSD as this pair has remained buoyant above 1.1115 near-term support following its recent surge... Continue Reading

Now I want to hear from you! - Click Here to Leave a Comment

3 Comments

  1. Tim Titchmarsh says:

    Some more great content, EUR still moving up! thanks Nial

    Tim

  2. Sello says:

    Very insightful and easy to understand. Thanks very much Nail.

  3. uffan says:

    You are really great nial… Thank you so much

Leave a Comment

Your email address will not be published. Required fields are marked *

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Copyright 2008-2017 Learn To Trade The Market